CEOs Growing More Confident
There is a growing confidence among Chief Executive Officers. A report by Chief Executive magazine noted that there is another strong resurgence in May from responses by top executives. The reading for May came…
Jobs
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Newest first · Page 98First Drop in Continuing Jobless Claims Since January
The Labor Department has just released its weekly jobless claims data at 621,000. The prior week’s reading was revised to 625,000 from a prior reading of 623,000. The consensus estimates from Bloomberg were for…
ADP Data Supports Above 9% Unemployment Rate
ADP’s jobs data is showing an expected jobs decrease of some 532,000 for the month of May. The data for April also showed that the job losses were revised down to 545,000. The cuts…
Markets Learning to Grapple With Over 9% Unemployment
This Friday is going to mark the highest rates of unemployment that many investors and many in our producing economy have seen in their professional lifetimes. The last time the real unemployment was at…
The Death Of The UAW
The UAW under Walter Reuther was arguably the most powerful union in the United States negotiating contracts with all of The Big Three on what became a pre-set cycle. Reuther got union members the…
Jobless Army Approaches 7 Million
Weekly Jobless Claims just came out from the Labor Department and the most recent data shows a drop of 13,000 on a revised basis to 623,000. The data from the week before was revised…
GM (GM): UAW Takes Paper Instead Of Cash, Bets The House
The UAW took what it could get in its negotiations with GM (GM), and that was not much. The union will end up owning 17.5% of GM’s shares to fund retirement and pension obligations…
Jobs Data Continues Bataan March Toward 10% Unemployment
The Labor Department has released some mixed data on weekly jobless claims. The figures show a level of 631,000. This sounds better on the surface as Bloomberg had estimates pegged at 645,000, which would…
More Weekly Data Pointing To Double Digit Unemployment
The Labor Department has released its weekly jobless claims. It seems that the contraction in weekly claims is not running in a straight line. This week’s report came in at 637,000 from a revised…
When 8.9% Unemployment Starts Sounding Good
The Labor Department has posted the unemployment rate and nonfarm payrolls data from April. The official government unemployment rate was 8.9%, up from 8.5% in March. The change in nonfarm payrolls came in at…
April Unemployment Could Beat Expectations
There has been a steady trend in economic data, and that trend is a steady wave of “less-bad” data. We are even starting to see hints of that in the the employment numbers. It…
ADP Jobs… A Question of Calculation Methodology
ADP is out with its controversial jobs number this morning ahead of this week’s unemployment report. ADP said that there was “only” a -491,000 drop of jobs in the US private sector. The expectation…
The Jobless Becoming Larger Than Any Standing Army
The change in weekly jobless claims came in at 631,000 for this last week. That is a drop of 14,000, but that also comes after a revision of the week before to 645,000 rather…
Bondholders Ditch GM (GM) And Chrysler
Nearly everyone who could keep GM (GM) and Chrysler out of Chapter 11 has gone along with supporting painful restructuring plans. The UAW and managements at the two companies have given up a great…
Global Wind Leader Vestas Slashes Jobs As Revenue & Income Rise
Vestas Wind Systems A/S is a company that many U.S.-based green and renewable energy investors may either not know at all or only know by name. But the Danish company is essentially the leader…